ADVERTISEMENT
Anti-Money Laundering
Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
Fraud, Scams & Cybercrime
HK Bank-to-bank Information Sharing Platform to Launch in June
By Manesh Samtani | 26/04/2023
Authorities are also considering co-locating bank staff at the ADCC, as this has helped to reduce stop payment response times and enhance loss recoveries in other jurisdictions like Singapore.
Anti-Money Laundering
Swiss Prosecutors Indict Ex-PetroSaudi Executives in 1MDB Case
By Editors | 26/04/2023
The two former executives were paid by Jho Low to set up a joint venture that was used to embezzle $1.8bn from 1MDB.
Anti-Money Laundering
US Treasury Sets Out Strategy to Address De-risking
By Editors | 26/04/2023
Regulations could be introduced to require FIs to take financial inclusion into consideration in the design of their AML/CFT programmes.
Anti-Money Laundering
Crypto Industry Needs ‘Unified Approach’ to Travel Rule Compliance
By Manesh Samtani | 25/04/2023
A new report from Notabene offers insight into how prepared crypto firms are for upcoming regulatory deadlines relating to the Travel Rule.
PEPs & Sanctions
US Official Details Sanctions Evasion Red Flags During European Visit
By Editors | 25/04/2023
Treasury official Brian Nelson met with European officials and FIs last week and shared details about emerging sanctions evasion typologies.
PEPs & Sanctions
OFAC Sanctions Three for Facilitating Lazarus Group Activities
By Editors | 25/04/2023
China-based and Hong Kong-based crypto traders and a North Korean national were sanctioned for laundering illegal proceeds for Lazarus Group.
Anti-Money Laundering
Malaysia in Talks with China to Secure Jho Low Repatriation
By Editors | 24/04/2023
An arrangement is being “hotly debated” inside the Malaysian government after PM Anwar Ibrahim’s first official trip to China last month.
Fraud, Scams & Cybercrime
19 Year Old Pleads Guilty for Involvement in OCBC Phishing Scams
By Editors | 24/04/2023
The youth is the sixth individual to be convicted among those accused of being involved in phishing scams.
Fraud, Scams & Cybercrime
ChatGPT Could ‘Turbocharge’ Fraud and Scams: US FTC Chair
By Editors | 23/04/2023
The FTC plans to use existing authorities to pursue companies who misuse AI to violate laws against unfair and deceptive acts.
Cryptocurrency
European Parliament Gives Final Approval on MiCA Law
By Manesh Samtani | 21/04/2023
MiCA is expected to come into force around July; provisions relating to stablecoins from July 2024; and provisions relating to CASPs and the travel rule from January 2025.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.